Manufacturing in Slovak Republic. Machinery. Sami Humala & Petr Hornicky Finpro Czech Republic February Finpro 1
|
|
- Garry Holmes
- 6 years ago
- Views:
Transcription
1 Manufacturing in Slovak Republic Machinery Sami Humala & Petr Hornicky Finpro Czech Republic February Finpro 1
2 Slovak Republic Introduction Quick facts: - Population 5.5 mio - Labour force 2.5 mio - Area: 48,845 sq km - Biggest cities: Bratislava Kosice GDP 63 bn EUR (2009) - Inflation 1.1% (09/2010) - EU 2004 / euro Avg. (gross) wages in industry: 775E (11/2010). - Social costs for employer 35,5% f Nominal GDP (EUR, bn) Per capita GDP (EUR) Real GDP, yoy (%) Inflation (CPI), yoy, avg. (%) Unemployment rate (%) Current account balance/gdp (%) FDI/GDP (%) Converted in EUR with average yearly exchange rates. Data up-date on 2Q/2010 Key Industries: - Transport equipment and Automotive - Machinery, Equipment and Tool production - Steel fabrication, - Electrical and optical equipment - Plastics and chemistry production Materials: Steel production amounted 5,089,000 metric tons in Key producers: US Steel, ArcelorMittal Sources: Bank Austria CEE Quarterly, Slovak Statistical Office, Finpro Country Analytics, Eurofer Finpro 2
3 Logistics and infrastructure Slovak Republic benefits from it s location between West and Eastern Europe: - Provides relatively well developed infrastructure in both Transport and Communications - Extensive network of roads and railway, highway connection west-east is targeted to be completed by Developed and flexible public transportation in large cities - 5 airports, west Slovakia easy accessible from Vienna airport - Danube water way easy accessible from south Slovakia (Bratislava, Komarno) -High speed internet connection -Cost of a full 40 container from Bratislava to Helsinki is app Eur (combined transportation via Hamburg). - Average price of electricity for industry (consumption 2000 MWh / year) was 13.8 Eur/100kWh (9/2010) - 95 mobile subscriptions per 100 inhabitants (2008) - 45% of households with internet access (2008) Railway network Highway network Finpro 3
4 Key manufacturing industries Automotive Industry Electrical & Optical Equipment Machinery & metal Industry - Fast growth since 2006 driven by 2 major production investments: PCA Peugeot- Citroen and KIA -Strong domestic supplier base Delphi, Johnson Controls, Siemens, Continental, Ford Getrag, ZF, and many others - more then 60% of VW car-components subcontracted in Slovakia. - Production 10.5 cars/ 100 inhabitants (2007) -Turnover 15 bn Euro, share of industry output and export over 30% -Main invest. boom weak rapidly -Developing University-industry based cooperation (STUBA,UTC Zilina) -Supported by automotive sector demand -Strong non-automotive, consumer electronic, semiconductor manuf. -Value added (yoy) grew by 20.7% and labour productivity by 18.4% (2006) -20% of Slovakia s total exports (2006) -2 strong players: Sony and Samsung (LCD TV, cons. electronics, players, phones etc.) - Emerson - electronics and energetic eqp. -Traditional sectors -Grown thanks to investment i.e. Whirlpool, INA and SWEP - FDIs attracted by government offered investment incentives development of industrial parks. - #1player SK metal industry is US Steel with 10% of the total sector turnover - Automotive industry subcontracts machinery, electronics and plastics i.e. Delphi, Matador, Clamason etc. Active enterprises in Manufacturing: (9871 SMEs) SK economy developed similarly to CZ, partly delay -> Price level remains lower and incentives for production investment are lucrative. Kosice region traditionally strong steel production. Western part - majority of investments due to logistical advantage Metal Industry output: 27,190 MEUR (2008), of which basic metals = 10,174 MEUR, mach.& eq. n.e.c = 3,051 MEUR, Transport equipment = 13,965 MEUR (Export of machines & equipment: 2,152 MEUR (2008) = 54 % of the total exports. Other export products: manufactured goods classified by material 18,197 MEUR (20%), Miscellaneous manufactured articles 9,448 MEUR (11%), Chemicals and related products, n.e.c. 5,247 MEUR (6%).) Finpro 4
5 Impact of economical melt-down State Figueres: no significant investments of SK Banks to US derivates -> No expenditures on Bank rescue, - No possible EUR depreciation -> reinforce of economic cycle (drop see chart below) - Unemployment rise up to 13%, Inflation dropped to 0% - National dept increased due to drop of Taxation incomes - Fiscal condition requires urgent Pension and Health reform Business Figures : - Slovak Republic experienced an imported economical meld-down caused by fatal drop of business orders. - Entrepreneurs re-act with massive cost-savings programs and price reduction. - Bankruptcy rice by 40% in 2009, Machine and equipment production [Eur] Finpro 5
6 Availability of labour force Recruitment Cost: 2-3 gross wages (4-5 executive position) Time: avg. one month Slovak people in generally more willing to relocate compared to CZ. Workers commute from a range of 80 km. Employers usually provide transport, especially for working on shifts. Language skilled personal: affect labour cost ca % Source: Sario - expences Labor Productivity in national currency: GDP per hour worked Unemployment by region (2009) % Bratislava 4.7 Trnava 9.1 Trencin 7.3 Nitra 13 Zilina 10.6 Banska Bystrica 18.8 Presov 16.2 Kosice ,6 200,7 214,3 230,1 244,5 250,5 256,7 265,1 285,9 305, ,5 324, Years converted in EUR with fix exchange rates 30 SK/Eur Source OECD Finpro 6
7 Education Technical education - Given in 8 universities, secondary technical schools (pilot and lector centers). - Graduates from technical and natural science faculties amounted (2008). - Secondary educated technical workforce: ca (2009) - Faculties provide theoretical as well as practical insight in all the main technical branches - Research is run by universities, partly by Slovak academy of Science - Applied research mostly by corporation - English and German dominate foreign-language education. Source: Sario, Ministry of Education Finpro 7
8 Wages, taxation, social cost Wages Type Welder CNC programmer Metal worker Labourer Project manager Avg. salary (gross Eur) 760 EUR 750 EUR 640 EUR 500 EUR EUR Social costs & taxation Type % Social cost for employer 35.5% Corporate tax 19% Personal Income tax 19% VAT 19% (reduced 10%) Source: Finpro market study 2010 Source: Sario Regional differences in salaries Bratislava +36% Western Region Trnava -6% Trencin -8% Nitra -12% Central Region Zilina -10% Banska Bystrica -14% Eastern Region Kosice +1% Presov -18% Comments & additional info Slovak employers usually provide daily lunch vouchers worth of 3-4 EUR Some of the best companies pay for a voluntary pension insurance but otherwise separate insurances for the employees are rare. Source: Sario Finpro 8
9 Investments - Strong Investment into to automotive, electronics industry - CZ becoming technological HUB: Increasing investments in expert solution, software development, research and development, design and high-tech repair centers - European funding support. - Investment concentrated in Region (Bratislava, Trnava, Nitra) - Sario investment promotion agency of SK - Economical recession improved conditions on Labor market FDI [bn. USD] Source: Euroeconom Kone SSC Teräspeikko oy Ixonos Peikko Finland oy ALFARAM oy OJALA YHTYMA Itella SSC Finpro 9
10 Investments Incentives TYPES OF INVESTMENT PROJECTS: Industrial production Technological centers research and development Centers of stategic services Tourism (Each type has separately defined conditions that have to be met in order to apply for state aid.) TYPES OF AID: Corporate income tax relief Contributions for the creation of new jobs Transfer of title to immovable property of the state or municipality at a price lower than standard market price Financial grant Education allowances INTENSITY: Central Slovakia 50% of the eligible investment costs Eastern Slovakia 50% of the eligible investment costs Western Slovakia 40% of the eligible investment costs selected parts of the Bratislava region 10% of the eligible investment costs (until ) CONDITIONS: Minimum investment volume (depends on the industry) Certain share of costs invested into modern technology Specific education structure of employees In case of medium sized companies, the respective aid ceilings may be increased up to 10% and up to 20% for small sized companies. Source: Sario Finpro 10
11 Machinery producers Finpro 11
12 Electronics producers Finpro 12
Business Friendly Slovakia. Slovak Ukrainian Forum, Košice April 20-23, 2015
Business Friendly Slovakia Slovak Ukrainian Forum, Košice April 20-23, 2015 CONTENT OF THE PRESENTATION SARIO INTRODUCTION TO SLOVAKIA KEY SECTORS INVESTMENT AID SARIO BUSINESS EVENTS SARIO INVESTMENT
More informationManufacturing in Lithuania. Machinery. Raminta Lukosiute Finpro Lithuania January Source:
Manufacturing in Lithuania Machinery Raminta Lukosiute Finpro Lithuania January 2011 Source: www.horomechanika.lt 18.2.2011 Finpro 1 Lithuania - Introduction Quick facts: - Population 3.3 mil. - Labour
More informationFOREIGN DIRECT INVESTMENT IN SLOVAK REGIONS AND THEIR IMPACT ON REGIONAL ECONOMIC GROWTH
ECONOMICS AND MANAGEMENT: 2013. 18 (3) ISSN 2029-9338 (ONLINE) AND THEIR IMPACT ON REGIONAL ECONOMIC GROWTH Jana Sochulakova 1, Maria Igazova 2 1,2 Alexander Dubcek University of Trencin, Slovakia http://dx.doi.org/10.5755/j01.em.18.3.4250
More informationInvestments in the Czech Republic. Katarina Jankovic Finpro ry September 2009
Investments in the Czech Republic Katarina Jankovic Finpro ry September 2009 Contents About the sources FDI trends and distribution between different industries & origin countries (2004 2008) Basic information
More information5th Capital Markets Day 21 September 2007, Bratislava
5th Capital Markets Day, Bratislava Regina Ovesny-Straka, CEO, Slovenská sporiteľňa Disclaimer Cautionary note regarding forward-looking statements THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN
More informationDOING BUSINESS IN SLOVAKIA
DOING BUSINESS IN SLOVAKIA CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 9 4 Setting up a Business 11 5 Labour 19 6 Taxation 25 7 Accounting & reporting 37 8 UHY Representation
More informationSARIO Closer to Investors Strategy Key Focus Services
SARIO Closer to Investors Strategy Key Focus Services SARIO Your Partner in Slovakia I Slovak Investment and TradeDevelopment Agency (SARIO) is the governmental investment and trade promotion agency of
More informationDOING BUSINESS IN SLOVAKIA
DOING BUSINESS IN SLOVAKIA CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 8 4 Setting up a Business 11 5 Labour 14 6 Taxation 18 7 Accounting & reporting 26 8 UHY Representation
More informationH Market Overview
Research & Forecast Report Slovakia Real Estate Market H1 2015 H1 2015 Market Overview Slovakia Contents Summary 3 Economic overview 4 Investment 6 Office 8 Industrial 10 Retail 12 2 Research & Forecast
More informationSlovakia MARKET OVERVIEW
Slovakia MARKET OVERVIEW H1 217 Contents 2 Market Overview H1 217 Slovakia Economic overview 3 Investment 4 Office 6 Industrial 8 Retail 1 Economic overview > > 217 is believed to be another year of continuously
More informationINVEST IN CROATIA. Agency for Investments and Competitiveness
INVEST IN CROATIA Agency for Investments and Competitiveness CROATIA: Area (sq km thousands): 56.6 Population (million): 4.17 GDP (USD, billions): 50.71 GDP growth (%): 3.0 Inflation (%): -0,1 Exports
More informationNewsletter. Investors are optimistic again. Slovak Investment and Trade Development Agency. April / more on page 3
Newsletter Slovak Investment and Trade Development Agency April / 2011 Investors are optimistic again more on page 3 Investment News Investors are optimistic again Foreign investors in Slovakia are leaving
More informationRole of foreign direct investment in the development of the industry and role of industrial policy in attracting FDI
Role of foreign direct investment in the development of the industry and role of industrial policy in attracting FDI Seminar on Industrial Policy EU Commission Ministry of Economy & Regional Development
More informationSpatial allocation of EU cohesion policy funding in Slovakia
Spatial allocation of EU cohesion policy funding in Slovakia for 2007-2013 Faculty of Public Administration, Pavol Jozef Šafárik University in Košice This work was supported by the project VEGA no. 1/0652/15.
More informationFull service TB for corporate business
Full service TB for corporate business Welcome to Tatra banka! You are in the right place. Tatra banka is your professional partner for corporate finance. We are a trustworthy and reliable bank that has
More informationANNEX 2 to the Call for Expression of Interest No JER-00. Part I: Description of the Financial F
Investícia do Vašej budúcnosti ANNEX 2 to the Call for Expression of Interest No JER-00 First Loss Portfolio Guarantee Financial Instrument: Description and Selection Criteria Part I: Description of the
More informationSLOVAKIA INVESTMENT GUIDE 2012
SLOVAKIA INVESTMENT GUIDE 2012 The Slovak Republic has witnessed robust economic growth and a massive influx of foreign investment over the last decade. Although the global crisis affected the Slovak economy,
More informationEva Farago, Senior Manager. Hungary
Eva Farago, Senior Manager Hungary FDI in Hungary current situation Amount of FDI (period 1990-2016): EUR 80 billion Investors (countries): Germany 24% Netherlands 17% Austria 13% Luxembourg 8% USA 3%
More informationBusiness environment & FDI opportunities in Slovenia
Business environment & FDI opportunities in Slovenia 4Qs4U Four Qs For You Ph.D. Zoran Stamatovski, MBA, Head of Division for Foreign Direct Investments and Internationalization SLOVENIA: Dynamic EU member
More informationIntroducing the Czech Republic
ITS Seminar: Czech Tolling Experience Introducing the Czech Republic Ivana Klimova Economy and Trade Secretary Embassy of the Czech Republic to the Netherlands Introducing the Czech Republic: content Basic
More informationEconomic Stimulus Packages and Steel: A Summary
Economic Stimulus Packages and Steel: A Summary Steel Committee Meeting 8-9 June 2009 Sources of information on stimulus packages Questionnaire to Steel Committee members, full participants and observers
More informationNBS MoNthly BulletiN december 2016
Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 813 5 Bratislava Slovakia Contact: +1//5787 1 http://www.nbs.sk Discussed by the Bank Board on December 1. All
More informationHungary FDI and how it affects employment. 23rd May 2014
Hungary FDI and how it affects employment 23rd May 2014 Business environment Location: a market of 507 million EU citizens with access to the market of 205 million people of Russia, Ukraine and the Western
More informationPKO Bank Polski. Poland - an interesting place on the investment map for the Danish entrepreneurs
PKO Bank Polski Poland - an interesting place on the investment map for the Danish entrepreneurs Copenhagen, 29th of April 2014 Leading bank in Poland and CEE The largest universal bank in Poland since
More informationThe Luxembourg Economy and its Competitive Advantages. Carlo Thelen, Chief Economist of the Chamber of Commerce
The Luxembourg Economy and its Competitive Advantages Carlo Thelen, Chief Economist of the Chamber of Commerce 1 Luxembourg - Gateway to Europe Strategic Position Area: 2,586 km² Population: 460,000 Language:
More informationSlovak Republic. Investor Presentation March 2011
Slovak Republic Investor Presentation March 2011 1 Agenda 1. Slovak Republic at a Glance 2. Low Indebtedness and Solid Macro Fundamentals 3. Public Finance Consolidation Strategy 4. Prudent Debt Management
More informationEuropean Real Estate Market H
European Real Estate Market H1 2 18 The European Union MACROECONOMIC OVERVIEW 18. Contribution of some Member States to the EU-28 GDP (million euro) Globally, economic growth remains solid, but less synchronized
More informationBusiness environment
Business environment A market of 500 million people within the EU Your gate to a market of 500 million customers Hungary Land: 93,030 km² Population: 10 million GDP/capita, at PPP: EUR 14,221/ USD 18,816
More informationContent. Macroeconomics. Banking Sector in Bulgaria. Raiffeisen Bank International. Raiffeisenbank (Bulgaria) EAD. Page 2
Welcome Page 1 Content Macroeconomics Banking Sector in Bulgaria Raiffeisen Bank International Raiffeisenbank (Bulgaria) EAD Page 2 Raiffeisen Research s forecast for Bulgaria Economic growth is expected
More informationand MIT Sectors in 2005
Department of Analyses and Statistics Surve vey of the Czech Economy and MIT Sectors in 2005 Ministry of Industry and Trade of the Czech Republic May 2006 Issued by the Ministry of Industry and Trade of
More informationSLOVAKIA: BASIC INFORMATION
SLOVAKIA: BASIC INFORMATION Area: 49,035 km 2 Population: 5.4 million Capital: Bratislava (430 thousand) Rating: Moody s: A1 S&P: A Fitch: A GDP per capita: 52% of the EU in PPP average in 2004 % of GDP
More informationMain Development Trends of Czech Economy in 2013 and the Perspective for (April 2014)
Main Development Trends of Czech Economy in 2013 and the Perspective for 2014 (April 2014) The Czech Industry Results in 2013 in the Context of the EU Market and the Perspective for 2014 The Development
More informationEconomic Development of Slovakia in 2016 and Outlook up to 2018
INSTITUTE OF ECONOMIC RESEARCH Slovak Academy of Sciences Economic Development of Slovakia in 2016 and Outlook up to 2018 Karol Morvay et al. Bratislava 2017 Team of authors: Ing. Karol Frank, Ph.D. (Chapter
More informationRestructuring in Slovakia
Restructuring in Slovakia Conference Anticipating and managing restructuring in a socially responsible way New partnerships to preserve employment Brussels 18-19 October 2010 Ludovit Cziria, PhD. Institute
More informationTurkey and the Emerging. the Global Crisis. Yelda Yücel 14 June 2009 Nicosia
Turkey and the Emerging Market Economies during the Global Crisis Yelda Yücel 14 June 2009 Nicosia Green Shoots in The Global Economy? There are more signs of easing of the global recession in the second
More informationKazakhstan: on the wave of structural reforms. Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute
Kazakhstan: on the wave of structural reforms Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute September 2015 New economic reality: transformation of global economy Over the last 12
More informationWelsh Economic Review. Table 1 shows the global profile of FDI. 2007, and that their activity accounted. for around 11% of global GDP (World
Foreign Direct Investment in Wales: Past, Present and Future Max Munday and Annette Roberts, Welsh Economy Research Unit and ESRC Centre for Business Relationships, Accountability, Sustainability and Society
More informationStandstill description
Ref. Ares(2015)3439308-19/08/2015 ROOM DOCUMENT # 3 Code of Conduct Group (Business Taxation) 7 May 2008 ORIGIN: Commission Services Standstill description Slovak Republic Investment aid tax credit General
More informationTHE ROLE OF INVESTMENT IN A SUSTAINABLE DEVELOPMENT OF THE ECONOMY OF LATVIA ABSTRACT
УПРАВЛЕНИЕ И УСТОЙЧИВО РАЗВИТИЕ 1-2/25(12) MANAGEMENT AND SUSTAINABLE DEVELOPMENT 1-2/25(12) THE ROLE OF INVESTMENT IN A SUSTAINABLE DEVELOPMENT OF THE ECONOMY OF LATVIA Maija Senfelde Technical University
More informationDoing Business in the Czech Republic
This document describes some of the key commercial and taxation factors that are relevant on setting up a business in the Czech Republic. Prepared by Peterka and Partners 2 Doing Business in the Czech
More informationLiving and Working in Slovakia
Living and Working in Slovakia www.eures.sk, www.eures.europa.eu European Employment Services 2 Living and Working in Slovakia 3 4 5 SLOVAKIA SLOVAKIA Basic data Official name: Date of inception of the
More informationAustrian outward FDI by selected countries and industries
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies www.wiiw.ac.at Austrian outward FDI by selected countries and industries Gabor Hunya hunya@wiiw.ac.at
More informationThe role of FDI and trade in the catching-up process
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies wiiw.ac.at 8th East Jour Fixe of the Oesterreichische Nationalbank Bulgaria and Romania
More informationFMConsulting CEO Peter Heidinger gives a presentation on "Market Entry in Turkey" in Investing in Romania, Poland, Turkey and China Conference, Italy.
FMConsulting CEO Peter Heidinger gives a presentation on "Market Entry in Turkey" in Investing in Romania, Poland, Turkey and China Conference, Italy. December 13, 2013 Padova, Italy Eurointerim International
More informationECONOMIC MONITOR MOLDOVA Issue 7 January 2018
ECONOMIC MONITOR MOLDOVA Issue 7 January 218 Overview Economic growth at 3.5% in 217 Weaker growth of 3.% expected in 218 due to decreased consumption demand Inflation at 6.6% in average during 217; lower
More information1.) Recent inflation divergence in CEE focus on food prices and services
Discussion issues, February 217 BIS CEE Working Party Slovakia Jan Toth, National Bank of Slovakia 1.) Recent inflation divergence in CEE focus on food prices and services Chart 1: Inflation in SK and
More informationThe German economy - an anchor of stability in Europe and how to attract FDI opportunities
The German economy - an anchor of stability in Europe and how to attract FDI opportunities Hendrik Taulin Senior Investment Officer Embassy of Canada Germany Niagara Falls, September 10, 2017 Germany as
More informationTitelmasterformat durch Klicken bearbeiten ALBANIA IN FIGURES
Titelmasterformat durch Klicken bearbeiten ALBANIA IN FIGURES Albania - 2016 Area: 28.750 km² Population 2,9 million GDP (2015) 11,5 billion Euro GDP/capita (Euro at PPP) 8.900 Euro GDP real change 3,4
More informationCZECH ECONOMY: FIRST YEAR AFTER THE EU ENTRY
Articles CZECH ECONOMY: FIRST YEAR AFTER THE EU ENTRY Kamil JANÁČEK, Eva ZAMRAZILOVÁ* Abstract: In 2004, the Czech economy continued in solid growth. Slight acceleration of economic growth was driven in
More informationUkraine FDI report 2011
Ukraine FDI report 2011 Contents Competing in a converging world 3 Ukraine s true FDI value 4 Reforms and expectations 7 Methodology 8 Ernst & Young in Ukraine 9 Foreword The Ukraine Foreign Direct Investment
More informationRepublika e Kosovës/ Republika Kosova-Republic of Kosovo. Qeveria Vlada-Government
Republika e Kosovës/ Republika Kosova-Republic of Kosovo Qeveria Vlada-Government Ministria e Tregtisë dhe Industrisë-Ministarstvo Trgovine i Industrije/Ministry of Trade and Industry Departamenti i Industrisë/Department
More informationRomania A Strategic Choice. January 2018
Romania A Strategic Choice January 208 Romania - Country overview Area: 238,39 km2 Capital: Bucharest Currency: RON RON/ EUR: 4.5 Population: apox: 20 mill Bucharest Metropolitan Area: 3mill S & P Moody
More informationContent. Macroeconomics. Banking Sector in Bulgaria. Raiffeisen Bank International. Raiffeisenbank (Bulgaria) EAD. Page 2
Welcome Page 1 Content Macroeconomics Banking Sector in Bulgaria Raiffeisen Bank International Raiffeisenbank (Bulgaria) EAD Page 2 Raiffeisen Research s forecast for Bulgaria Economic growth is expected
More informationBelarus slide package for a foreign investor
Belarus slide package for a foreign investor Paulina Wilk May 2012 www.tse.fi/pei/ Contents 1. General information 3 2. Economic development 7 3. Political scene 14 4. Prosperity and consumption 19 5.
More informationINVEST IN SERBIA. Serbia Investment and Export Promotion Agency PRESENTATION RIGHTS RESERVED. COPYRIGHT SIEPA. YEAR 2014.
Serbia Investment and Export Promotion Agency INVEST IN SERBIA Serbia Investment and Export Promotion Agency New Government, Stable and Proactive New government determined to improve the business climate.
More informationRomania A Strategic Choice. 2017, Bruxelles
Romania A Strategic Choice 207, Bruxelles Romania - Country overview Area: 238,39 km2 Capital: Bucharest Currency: RON EUR/ RON: 4.5 Population: approx: 20 mill Bucharest Metropolitan Area : 3 mill Bridge
More informationTHE DYNAMICS OF FOREIGN DIRECT INVESTMENTS IN CENTRAL AND EASTERN EUROPE UNDER THE IMPACT OF INTERNATIONAL CRISIS OF 2007
THE DYNAMICS OF FOREIGN DIRECT INVESTMENTS IN CENTRAL AND EASTERN EUROPE UNDER THE IMPACT OF INTERNATIONAL CRISIS OF 2007 Anca Elena Nucu 1 Alexandru Ioan Cuza University of Iaşi nucu.anca@yahoo.com Abstract:
More informationINNOVATION AND ECONOMIC GROWTH: THE CASE OF SLOVAKIA
DOI: 1.1515/vjbsd-215-2 1/215 Visegrad Journal on Bioeconomy and Sustainable Development 7 INNOVATION AND ECONOMIC GROWTH: THE CASE OF SLOVAKIA Kushtrim Braha,* Artan Qineti, Roman Serenčéš Slovak University
More informationReview of integrated territorial development and challenges in V4+2 countries and Hungary
Review of integrated territorial development and challenges in V4+2 countries and Hungary ESPON 2020 Conference Integrated Territorial Development in V4+2 countries: new challenges, new ideas, new responses
More informationEU steel market situation and outlook
75nd Session of the OECD Steel Committee Paris, 5th December 2013 EU steel market situation and outlook EU economy: on the road to recovery 2013: economy turned the corner in Q2 Indicators strengthening
More information> eská spoitelna. Is 15% loan growth in CS core business sustainable? How will we maintain ROE of >20% after tax? > 2 nd Capital Markets Day
> eská spoitelna Is 15% loan growth in CS core business sustainable? How will we maintain ROE of >20% after tax? > 2 nd Capital Markets Day > Budapest > Jack Stack, CEO of!eská spo#itelna > Macroeconomic
More informationG20 COMPACT MOROCCO AFRICA WITH. Investment Opportunities G20 Compact with Africa
G20 COMPACT WITH AFRICA MOROCCO Investment Opportunities G20 Compact with Africa COUNTRY CONTEXT Political and Social Stability Supported by Strong Leadership Morocco is a constitutional, democratic, parliamentary
More informationG20 COMPACT MOROCCO AFRICA WITH. Investment Opportunities G20 Compact with Africa
G20 COMPACT WITH AFRICA MOROCCO Investment Opportunities G20 Compact with Africa COUNTRY CONTEXT Political and Social Stability Supported by Strong Leadership Morocco is a constitutional, democratic, parliamentary
More informationCHART OF THE WEEK WEEK ON THE MARKETS HIGHLIGHTS OF THE WEEK 04/2016. Intesity of air-transport (air passangers per capita, )
English translation by an external party HIGHLIGHTS OF THE WEEK 04/2016 > Chart of the Week: Number of passengers served at Slovak airports grows the fastest in Europe, while flight intensity in Slovakia
More informationStudia Mundi - Economica Vol. 2. No. 1.(2015) CONTROLLING ACTIVITIES IN LOCAL MUNICIPALITIES. Ing. Zoltán Šeben
Abstract CONTROLLING ACTIVITIES IN LOCAL MUNICIPALITIES Ing. Zoltán Šeben PhD., Univerzita J. Selyeho E-mail: sebenz@ujs.sk Controlling activities are nowadays spread in many areas. Local government is
More informationThink Global, think Portugal
Think Global, think Portugal 2008 CONTENTS www.portugalglobal.pt 3 About aicep Portugal Global Structure and Services Recent Awards 4 6 About Portugal Portugal Offers Investors Access to Markets Investment
More informationinvestinlebanon.gov.lb INVESTMENT OPPORTUNITIES IN LEBANON
investinlebanon.gov.lb INVESTMENT OPPORTUNITIES IN LEBANON HEADLINES I. INVESTMENT CLIMATE IN LEBANON 2. WHY LEBANON 3. ABOUT IDAL 4. WHAT ARE THE INVESTMENT OPPORTUNITIES? 5. CONTACT US ECONOMIC PROFILE
More informationLeana Ugrinovska Cabinet of the Deputy Prime Minister for Economic Affairs The Government of Republic of Macedonia
Leana Ugrinovska Cabinet of the Deputy Prime Minister for Economic Affairs The Government of Republic of Macedonia Vienna, Austria 29.04.2014 WORLD BANK PROJECT FOR MONITORING AND EVALUATION Monitoring
More informationReport on. the Slovak Economy
Report on the Slovak Economy june 17 Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 81 5 Bratislava Slovakia Contact: +1//5787 1 http://www.nbs.sk Discussed by
More informationNBS MoNthly BulletiN february 2017
Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 813 5 Bratislava Slovakia Contact: +41//5787 146 http://www.nbs.sk All rights reserved. Reproduction for educational
More informationAustria, Czech Republic, Hungary, Luxembourg and Slovakia
Austria, Czech Republic, Hungary, Luxembourg and Slovakia An exhaustive analysis of employment trends in all sectors related to sea or using sea resources Country reports Landlocked EU countries: Austria,
More informationBULGARIA COMPETITIVENESS REVIEW
BULGARIA COMPETITIVENESS REVIEW May 11 1 The present report makes an assessment of Bulgaria s stance in terms of competitiveness based on the following OECD definition 1 : Competitiveness is the degree
More informationLUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014
CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER
More informationRobert Pasternak, Attorney at law and Partner in Charge of Deloitte Legal. Poland
Robert Pasternak, Attorney at law and Partner in Charge of Deloitte Legal Poland FDI in Poland current situation Amount of FDI (period 1990-2015): EUR 173,6 billion (an average of PLN 26 billion) per year
More information1. SLOVAK BANKING SECTOR DEVELOPMENT IN 2000
C. BANKING SUPERVISION IN 2000 1. SLOVAK BANKING SECTOR DEVELOPMENT IN 2000 During 2000, the Slovak Banking sector was faced with the first effects of Banking reform in three main areas: 1) Restructuring
More informationIntroduction to IRELAND
Introduction to IRELAND Ireland is one of the smallest and most open countries in the Eurozone. Exports and imports make up around 200% of its GDP. Thanks to an attractive fiscal and regulatory environment,
More informationThe economic catching-up process in the new EU member states
The economic catching-up process in the new EU member states What are the drivers of the convergence process? Think Tank of Deutsche Bank Group Marion Mühlberger Agenda 1 How do we measure real convergence?
More informationIrish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia
Irish Economy and Growth Legal Framework for Growth and Jobs High Level Workshop, Sofia Diarmaid Smyth, Central Bank of Ireland 18 June 2015 Agenda 1 Background to Irish economic performance 2 Economic
More informationHSC Economics. Year 2014 Mark Pages 13 Published Feb 9, 2017 HSC ECONOMICS: THE GLOBAL ECONOMY. By Sahar (99.1 ATAR)
HSC Economics Year 2014 Mark 95.00 Pages 13 Published Feb 9, 2017 HSC ECONOMICS: THE GLOBAL ECONOMY By Sahar (99.1 ATAR) Powered by TCPDF (www.tcpdf.org) Your notes author, Sahar. Sahar achieved an ATAR
More informationDEVELOPMENT OF TRADE IN CZECH REPUBLIC IN 2004
DEVELOPMENT OF TRADE IN CZECH REPUBLIC IN 2004 MAY 2005 DEVELOPMENT OF TRADE IN THE CZECH REPUBLIC IN 2004 The yearbook Trade in the Czech Republic in 2004 links to the previous analogical publications
More informationContent. Macroeconomics. Banking Sector in Bulgaria. Raiffeisen Bank International. Raiffeisenbank (Bulgaria) EAD. Page 2
Welcome Page 1 Content Macroeconomics Banking Sector in Bulgaria Raiffeisen Bank International Raiffeisenbank (Bulgaria) EAD Page 2 Raiffeisen Research s forecast for Bulgaria Economic growth is expected
More informationSummary of macroeconomic developments, August 2018
2 Summary of macroeconomic developments, August 2018 Escalating trade disputes have brought significant uncertainty to the global economy. Global activity indicators are suggesting a slowdown in growth,
More informationCONTENTS. 2. Implementation of monetary policy Inflation... 9
CONTENTS 1. Monetary development... 3 1.1. Factors affecting the development of the money supply... 4 1.2. Structure of the money supply... 5 1.3. Bank lending... 7 1.4. Interest rate development in August...
More informationSlovak Republic. Investor Presentation
Slovak Republic Investor Presentation October 2014 1 Table of Contents 1. Country Overview 2. Strong Economic Performance 3. Public Debt 4. Debt Management and Funding 5. Credit Positioning of Slovakia
More informationInvestment and Investment Finance. the EU and the Polish story. Debora Revoltella
Investment and Investment Finance the EU and the Polish story Debora Revoltella Director - Economics Department EIB Warsaw 27 February 2017 Narodowy Bank Polski European Investment Bank Contents We look
More informationNBS MoNthly BulletiN NoveMBer 2016
Published by: Národná banka Slovenska Address: Národná banka Slovenska Imricha Karvaša 1, 813 5 Bratislava Slovakia Contact: +1//5787 1 http://www.nbs.sk Discussed by the Bank Board on November. All rights
More informationAUTOMOTIVE FINANCE MARKET IN SLOVENIA CHALLENGES & OPPORTUNITIES. 15 April 2011
AUTOMOTIVE FINANCE MARKET IN SLOVENIA CHALLENGES & OPPORTUNITIES 15 April 2011 AGENDA SLO PASSENGER CAR MARKET SLO VEHICLES FINANCING MARKET MARKET PLAYERS BUSINESS CLIMATE LENDING RATES KEY HIGHLIGHTS
More informationTurkey: Recent Developments and Future Prospects. ISBANK Economic Research Division October 2018
Turkey: Recent Developments and Future Prospects ISBANK Economic Research Division October 2018 Macroeconomic Outlook Strong Economic Growth Cycle GDP of 851 bn USD (2017), 10.6k USD (2017) per capita
More informationHighlights 2/2017. Main topics: Ministry of Finance of the Republic of Bulgaria. Economic and Financial Policy Directorate ISSN
BULGARIAN месечен ECONOMY обзор Monthly Report Ministry of Finance of the Republic of Bulgaria 2/217 Economic and Financial Policy Directorate ISSN 2367-2 Main topics:» Gross domestic product» Short-term
More informationEconomic Outlook. Global And Finnish. Technology Industries In Finland Economic uncertainty has not had a major impact yet p. 5.
Economic Outlook Technology Industries of 1 219 Global And Finnish Economic Outlook Uncertainty dims growth outlook p. 3 Technology Industries In Economic uncertainty has not had a major impact yet p.
More informationDoing business in the Slovak Republic. Bratislava Castle and river Danube, Bratislava
Doing business in the Slovak Republic Bratislava Castle and river Danube, Bratislava Doing business in the Slovak Republic Country profile and business climate Human Capital Establishing a business presence
More informationPriorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports
Ministry of Economy and Infrastructure of the Republic of Moldova Priorities of the Government of the Republic of Moldova in the area of attracting investments and promoting exports THE REPUBLIC OF MOLDOVA
More informationChina Economic Outlook 2018 Feb 13, 2018
Feb 13, Key Developments in Brief Economic Development Drivers of Growth Risks Predicted GDP growth of 6.5% in In 2017 growth exceeded the official target Service and modern production grow faster than
More informationE u r o E c o n o m i c a
SMEs between Truth and the Political Approach The Future of the SMEs in Romania Romeo IONESCU 1 Ph.D.Professor, Danubius University of Galati, Faculty of Economics, romeo.v.ionesc@univ-danubius.ro Abstract.
More informationSlovakia: Eurozone country with high growth potential
Erste Group 8 th Capital Markets Day, Jozef Síkela, CEO, Slovenská sporiteľňa Disclaimer Cautionary note regarding forward-looking statements THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY
More informationPoland s Economic Prospects
Poland s Economic Prospects Unicredit Conference Warsaw, June 8, 11 Mark Allen Senior IMF Resident Representative for Central and Eastern Europe Recovery is driven by domestic demand Contributions to Real
More informationErste Group Bank AG Annual results 2012
Erste Group Bank AG Annual results 2012 Andreas Treichl, Chief Executive Officer Manfred Wimmer, Chief Financial Officer Gernot Mittendorfer, Chief Risk Officer Presentation topics Erste Group s development
More informationEconomic situation and outlook
Economic situation and outlook 2/215 ELECTRONICS AND ELECTROTECHNICAL INDUSTRY MECHANICAL ENGINEERING METALS INDUSTRY CONSULTING ENGINEERING INFORMATION TECHNOLOGY Global and Finnish Economic Outlook Divergence
More informationSlovak Republic. A Capital Destination. May 2004
Slovak Republic A Capital Destination May 2004 The Team Mr Vladimir Tvaroška State Secretary, Ministry of Finance Mr Martin Bruncko Chief Economic Adviser Mr Daniel Bytčánek Director, Debt and Liquidity
More informationHerzlia. Conference. Dr. Yacov. Prepared by
Herzlia Conference Dr. Yacov Prepared by Yacov Sheinin and Sani Ziv Introduction This presentation is a model of the development of the Israeli economy for the next 20 years (to 2025) in order to model
More information